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Describe about Arithmetic and Geometric Series?
When the terms of a sequence are added together instead of separated by commas, the sequence becomes a series. You will use series in higher mathematics. Example 1: 3 + 6 + 9 + 12 + ...The pattern is add three to the previous term. When the pattern is to always add or subtract the same number, you have an arithmetic series. Example 2:1 + 2 + 4 + 8 + ...The pattern is multiply two to the previous term. A series that has a pattern of multiplying or dividing by the same number is called a geometric series.
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1. Calculate the annual interest that you will receive on the described bond-A $500 Treasury bond with a current yield of 4 .2% that is quoted at 106 points? 2. Compute the tota
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